Agri Facts: Agricultural Economics Useful for JRF ARS/NET SAU Ph.D. IFFCO NFL and Other Competitive Exams 2nd edn (PB)

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Agricultural economics or agronomics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fibre-a discipline known as agronomics. Agronomics was a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics. Agricultural economists have made substantia.